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Plough tax cuts into your mortgage, says MIAA

Australian families could save over $30,000 on their mortgages if they put their tax cut windfall announced in last week’s federal budget towards monthly repayments, according to the Mortgage Industry Association of Australia.

Resisting the urge to burn your extra cash on a new pair of jeans, or even sink a few schooners, could see you slashing the length of your mortgage by over three years….more

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